Johnson Newspaper Corp. To Close Massena, New York Printing Plant (mediapost.com)

Quad/Graphics, Inc. announced that it has completed the ninth amendment to the Company’s April 28, 2014, bank debt agreement to: (1) reduce the aggregate amount of the existing revolving credit facility from $342.5 million to $324.6 million, and extend the maturity of a portion of the revolving credit facility such that $17.7 million under the revolving credit facility will be due on the existing maturity date of November 2, 2026 and $306.9 million under the revolving credit facility will be due on October 17, 2029; (2) extend the maturity of a portion of the existing term loan facility such that $14.5 million of such term loan facility will be due on the Existing Maturity Date and $351.3 million will be due on the Extended Maturity Date; (3) make certain adjustments to pricing, including an increase of .50% to the interest rate margin applicable to the loans maturing on the Extended Maturity Date; and (4) modify certain financial and operational covenants. Tony Staniak, Quad Chief Financial Officer, said: “We are pleased to have completed the amendment and extension of our $690 million bank debt agreement, which extends the maturity to October 2029, due to our strong relationships with a syndicate of premier banks and our disciplined financial management. By the end of 2024, we anticipate we will have reduced our debt by over $670 million, or 65%, from January 1, 2020, and we will continue to focus on debt reduction with our capital allocation. This debt extension provides us with additional financial flexibility to focus on the growth and development of our offerings as a marketing experience company while returning capital to our shareholders.”

Sun Chemical today announced an innovative new range of durable UV varnishes for enhancing the label resistance of HP Indigo digitally printed pressure-sensitive labels for products such as personal care, household, chemical, beverage, and pharma applications. The new range of varnishes was specifically formulated to provide adhesion to HP Indigo ElectroInk and has been designed to provide high levels of mechanical durability on HP Indigo printed labels. Furthermore, the solution delivers mechanical, chemical, water and thermal resistance withstanding vigorous bottle-to-bottle scuffing test, making the range the ideal choice for ensuring high durability, and in some instances offering a cost-effective and benefit from sustainability advantages alternative to cumbersome lamination processes. The new varnishes promote cross-linking with the HP Indigo ElectroInk and the primer layer to deliver improved physical properties and high durability in challenging applications. The new set of varnishes are a press-ready solution and do not require the addition of any press-side additives for ease of use. Ensuring consistent durable labels time after time, the range can be printed using standard UV coating equipment.

HP Inc. announced the delivery of the 100th HP Indigo 100K Digital Press marking a milestone as customers continue to thrive on the breakthrough press. Adding to their existing fleet of 5 HP Page Wide and Indigo products, award winning print service provider Solopress, continues in their digital transformation this month, with the installation of the HP Indigo 100K Digital press. Simon Cooper, MD of Solopress, comments, “We’re really pleased to see the market turn a corner and orders start to increase after a very tough period. During the last few years we’ve spent time as a business making changes which deliver more value to our customers. And in of support of that goal, we recently added the HP Indigo 100K to our fleet, which alongside the introduction of HP Siteflow, complements our existing automation capabilities.”